6. A State Sales Tax Rate Is 4.8%. If The Tax On A Purchase Was $23.76, What Was The Price Of The Purchase?
Answer:
Let the price excluding tax= x
The sales tax = 4.8% = 0.048
The amount of sales toll = $23.76
Total amount = x + 23.76
The equation is:
X (1.048) = 23.76+x
1.048x = 23.76+x
1.048x – x = 23.76
0.048X = 23.76
X =23.76/0.048
= $495
This means that the total purchase was of 495 dollars out of which $23.76 was import tax.
Resolved Questions:
What Is The Outcome Of Feasibility Studies?
The feasibility study is used as a guide to determine whether to pursue a project or not. It is also used to sensitize several key elements of the project to determine the weakness or threat that the business.
I Need A Notes On Visual Aids In Business Communication Can You Help...
I need a notes on visual aids within business communication can you help me?please show the related links of different websites. Visual aids are very important contained by business communication and you can find a lot of help from online...
Have Stores Lost Their Minds? 28% Interest Rate....
My friend was trying to buy handrail for his stairs and was offered a fifty dollar rebate for applying for a credit card the hitch is they wanted to put the purchases on his untried card before he even had it in his hand..the only thing is...